Industrials
Aerospace & Defense
$156.73B
185K
Key insights and themes extracted from this filing
Total net sales increased by $2.1 billion organically, with significant contributions from Pratt & Whitney ($1.2B), Collins ($0.5B), and Raytheon ($0.4B). This indicates strong demand across the company's core segments.
Cost of sales increased by $2.1 billion, driven by organic sales increases and $175 million in charges at Collins related to supply chain disruptions, impacting gross margins. This suggests ongoing challenges in managing input costs.
Operating profit increased by $0.2 billion, which includes a $0.4 billion gain from the sale of the CIS business, offset by charges at Collins, a change in FAS/CAS adjustments, and a change in corporate expenses. This indicates a mixed picture for underlying profitability.